BSLI Wealth Secure plan combines long-term savings and whole life cover in such a way that it allows customers to focus on their goals and maximise savings for their future

Mumbai: Private insurer Birla Sun Life has announced the launch of its new unit-linked whole life plan, BSLI Wealth Secure.

“With three investment options to choose from, the plan can meet the demands of the diverse investors. BSLI Wealth Secure plan combines long-term savings and whole life cover in such a way that it allows customers to focus on their goals and maximise savings for their future,” Birla Sun Life Insurance chief actuarial officer Niall O'Hare said in a release.

With a built-in savings component, BSLI Wealth Secure plan can help accumulate sizable returns with every premium paid, owing to its long tenure and equity market participation, he added.

The plan enables a customer to fulfill his family’s dreams with prudent investments and also financially secure their future with a whole life cover.

The company, it said, is positive that the product will induce many more customers to achieve a balanced growth on their investments while they benefit from advanced investment strategies and also a whole life cover.

The plan offers customers a choice to select the premium amount, based on the current age and the premium amount that the customer opts for, the company will determine the life cover applicable on the policy.

Wealth Secure plan also provides tax benefits, it said.

BSLI is a joint venture between the Aditya Birla Group and Sun Life Financial Inc, one of the leading international financial services organisations from Canada.